Cove Communities Senior Association DBA The Joslyn Center (EIN 953622332) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

BARRY KAUFMAN

Phone

7603403220

Tax Period

2024-07-01 to 2025-06-30

Cove Communities Senior Association DBA The Joslyn Center, founded in 1981, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $1.5M left a modest 3% surplus.

Mission

THE JOSLYN CENTER PROVIDES HEALTH,RECREATIONAL, EDUCATIONAL, AND SOCIAL PROGRAMS ALONG WITH INFORMATION, REFERRAL, VOLUNTEER, AND SUPPORT SERVICES FOR ADULTS AGE 50+ IN THE COMMUNITIES OF INDIAN WELLS, PALM DESERT, RANCHO MIRAGE, AND SURROUNDING COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,260,659

Program Service Revenue $115,820

Investment Income $46,183

Other Revenue $98,869

TOTAL REVENUE $1,521,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $980,676

Fundraising Expenses $116,681

Program Expenses $1,200,110

Other Expenses $493,825

TOTAL EXPENSES $1,474,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,521,531	$1,820,101	-0.2%
Expenses	$1,474,501	$1,474,340	+0.0%
Net Income	$47,030	$345,761	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$137,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK NEWBY	Executive Dir.	40.00	Officer	$71,926	$0	$71,926
JAY G SELLER	Executive Dir.	40.00	Officer	$65,452	$0	$65,452
BARBARA J MITCHELL	President	1.00	Officer Director	$0	$0	$0
HUGO A AGUAS	Vice President	1.00	Officer Director	$0	$0	$0
BARRY KAUFMAN	Treasurer	1.00	Officer Director	$0	$0	$0
CHARLES ALFARO	Director	1.00	Director	$0	$0	$0
BRIAN BILHARTZ	Director	1.00	Director	$0	$0	$0
LINDA BLANK	Director	1.00	Director	$0	$0	$0
DIANE P HAAGA	Director	1.00	Director	$0	$0	$0
BARBARA ROGERS	Director	1.00	Director	$0	$0	$0
ANN SIMLEY	Director	1.00	Director	$0	$0	$0
GILLETT HENRY WELLES	Director	1.00	Director	$0	$0	$0
MICHAEL O'KEEFE	Director	1.00	Director	$0	$0	$0
EVE FROMBERG EDELSTEIN	Director	1.00	Director	$0	$0	$0
JAN HARNIK	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,521,531	$1,474,501	$3,045,255	$47,030
2024	$1,820,101	$1,474,340	$2,913,281	$345,761
2023	$2,351,587	$1,335,890	$2,480,194	$1,015,697
2022	$1,325,206	$1,168,171	$1,563,869	$157,035
2021	$1,019,798	$1,094,522	$1,599,446	$-74,724
2020	$1,139,146	$1,145,545	$1,568,386	$-6,399
2019	$1,118,660	$1,069,815	$1,365,491	$48,845
2018	$923,713	$961,059	$1,334,676	$-37,346

Cove Communities Senior Association DBA The Joslyn Center